January ferrous scrap tags in US seen on the rise

The ferrous scrap market at the start of the new year came into focus late yesterday, with overall prices seen rising from December.

US steelmakers had been accepting scrap on a “price-to-be-determined” (TBD) basis during the first week of January and at a healthy rate. Our sources had predicted a very brisk demand for scrap at the start of 2025 after the year-end inventory adjustments. They were right!

Stephen Miller

Stephen Miller started his career in the scrap metal industry in 1978 at Luria Brothers in Cleveland. Over the last 40-plus years, he has worked in all capacities in the trading business. He has had positions in both domestic and international scrap trading. In addition to scrap, Miller was at the forefront of the pig iron trade and established a pig iron distribution company under the name of Ferrosource, Inc. Most recently, Miller has concentrated on the scrap export market and regularly does consulting for several companies in the industry.

Stephen Miller

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